There are companies that manage year-end tax return when people get a job in a foreign country, but in the United States, they sometimes have to do it themselves. Having your first job in the U.S. as an international student or a foreigner has a lot of things to do on your own for a while. One of them is tax filing. In the United States, the tax reporting deadline is usually April 15th every year. Until then, when the data is sent to report taxes on the interest received from the bank, your earned income, etc., you have to do the tax report on that you have to report taxes on that basis. There are many ways to do tax filing. Either do it on your own or have a tax professional do it. People who pay for tax reports won't read this post. People who want to save money may read this post. I'll introduce how to file taxes for free. However, if you earn money from various investment sources such as stocks, real estate, etc., you can save taxes and get more tax returns by spending a little money and have a tax professional do it for you.
TurboTax
There are many free tax filing software in the United States. One of the most famous ones is TurboTax.
Not everything is free, and you'll have to pay for a complex tax filing, but if you don't, using TurboTax is really easy, simple and it is free.
First, if you are using TurboTax for the first time, click Create an account.
Then fill out the information above, click Create Account and create an account. Then, start the Tax filing and answer the questions in the software, and the tax report ends. At the end of the tax filing process, you will know whether you will get tax return or not.
You need to know for sure and prepare thoroughly...
When you get a job as an international student and do the tax filing for the first time, you will gather different information. Moreover, it costs a lot of money to live in the U.S., so you want to do it as little as possible or free of charge. It's not all good just because it's free. Since it's free, the function is limited. Most of the times when you get a job as an international student, the source of income is simple, so it will be enough for a free function, but if you settle down in the U.S. and your income comes in a variety of ways, I recommend you pay and leave it to an expert.
That's all for today.
The above information can be changed at any time, so please consult with an expert one more time.
Among the self-employed and business owners who are currently doing business, they want to sell their company's products to the U.S. market, but the products must comply with the CPSC regulations. Or you are told that you need to get CPC certification. Today's post will be helpful for those who are facing the issue as I will take some time to find out how you can get CPC certification and export it to the U.S. market.
The Consumer Product Safety Improvement Act (CPSIA) is..
First of all, CPSIA stands for The Consumer Product Safety Improvement Act (USA), like the Ministry of Food and Drug Safety in your country. For the safety of the people (infants), certain products must pass the CPSIA test and CPC certification based on the test results to export them to the United States.
What Commodity Requires CPC Certificate?
In general, CPC issuance is essential to sell children's products under the age of 12 in the United States. Also, whether the product is produced in the U.S. or imported from abroad to the U.S., it must be CPC certified.
Cost
CPC issuance is free of charge. CPC issuance should be issued by importers or manufacturers in the United States.
In the certificate, 1) Product test & production date and place 2) Related laws 3) Laboratory Information 4) Product Description 5) Information of U.S. importers or manufacturers 6) Contact information for storage of product test results from the above companies is required.
You need to know for sure and prepare thoroughly...
Whatever happens, it's embarrassing and time consuming at first, but once you go through it, it's really nothing. It's a very difficult time around the world, and I hope the information above will be beneficial to many self-employed/business owners.
That's all for today.
Relevant Post [Please click the link below]
- [USA/Business] - Establishment of Corporation in the U.S.
If you are planning to sell your products to the U.S. market, and if you are informed that the products are subject to FDA review or need to be FDA certified, you will take time to find out how you can export to the U.S. market.
FDA is..
First of all, the FDA stands for The United States Food and Drug Administration (U.S.). Like any Ministry of Food and Drug Safety in your country, certain products must be certified by the FDA for the safety of the American people to export to the United States.
Required Information
First of all, you need the information below to export the products subject to FDA review to the United States.
1) Manufacturer (DEV), Korean exporter (DFE), and FDA registration # of the U.S. importer
2) Device Listing Number (LST)
3) Premarket (510K) #, Good Manufacturing Practices (GMP), Quality System Regulation (QSR) - If necessary, the reference here is to be renewed in one year for Registration #. If you do not renew it, it will be deleted from the FDA Medical Device Registration and Listing website.
FDA Registration
In order to register a company or product with the FDA, the information will be sent via online. For example, I'll explain it to you with a medical device. There are two procedures for registering a medical device.
1. Paying for one year's registration
2. You have to go through the registration process.
The official registration will be done by the FDA Online Account Administration (OAA).
If you go to the site, you can see the screen above and if it's your first time registering, you can register with New User as "Create New Account."
How to verify if a drug and a company is listed on FDA
If your company has received FDA registration# and listing# for the product, let's see how to verify that the FDA has been properly listed.
Then you'll see the site above, and you can search by writing your own English company on the Establishment or Trade Name here and clicking the Search button.
You need to know for sure and prepare thoroughly...
Whatever happens, it's embarrassing and time consuming at first, but once you go through it, it's really nothing. It's a very difficult time around the world, and I hope the information above will be beneficial to many self-employed/business owners.
That's all for today.
Relevant Post [Please click the link below]
- [USA/Business] - Establishment of Corporation in the U.S.
Among the self-employed and business owners who are currently doing business, some of them may have been asked to fill out W-8BEN-E while doing business with an American company. If it's not your first time, you know how and what information you need to enter, but I prepared it for those who are embarrassed when they are asked to write it for the first time.
What is W-8BEN-E??
If you look at the form, it states "Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities)." In other words, "Proof of beneficiary status for U.S. tax withholding and reporting." After W-8BEN, E stands for Entity and must complete this form if it is a corporation. If you are an individual or a different type of company, you can fill out another form. If you submit this form, it will not be withheld from the United States. If you haven't submitted it, up to 30% of the tax can be paid. You must also complete this form under the Foreign Account Tax Compliance Act (FATCA) Foreign Account Tax Compliance Act (FATCA).
How to complete W-8BEN-E
Let's take a look at one by one. For general corporations, you can write Part I, Part III, Part XXV or Part XXVI and Part XXXX.
Part I
First, see the description.
Now, it's part I. Now you have to fill out all the documents in English. First, write your corporate name in English. Then, write your country in number 2 and check with the corporation if you are a corporation in number 4.
If money is coming from the United States, for example, through trade, check on "Active NFFE. Complete Part XXV." If you invest in a U.S. corporation and receive dividends, for example, check on "Passive NFFE. Complete Part XXVI."
You can fill out the address of your corporation in No. 6 and fill out the business registration number in the last 9b.
Part III
Next is Part III. Check 14 a. and write your country in the blank, check 14 b. and check "Company with item that meet active trading or business test" if it means investing in a U.S. corporation and paying dividends, for example.
Part XXV or Part XXVI
For example, if money is coming in through trade, as checked with Part I, if you invest in a U.S. corporation and receive dividends, for example, you should check only Part XXVI.
Part XXX
Finally, sign, write your name, and date today in the signature box and check "I certify that I have the capacity to sign for the entity identified on line 1 of this form."
The way you fill out the form above may vary depending on the type of business (e.g., listed company) or which country you are a citizen of.
You need to know for sure and prepare thoroughly...
Whatever happens, it's embarrassing and time consuming at first, but once you go through it, it's really nothing. It's a very difficult time around the world, and I hope the information above will be beneficial to many self-employed/business owners.
That's all for today.
Relevant Post [Please click the link below]
- [USA/Business] - Establishment of Corporation in the U.S.
